Recently, some media posted on the Internet that Panda Interactive Entertainment, a subsidiary of Wang Sicong, entered the bankruptcy liquidation process in January 2021, of which nearly 10,000 items were sold at auction price of 31 million.
It is reported that Wang Sicong injected funds into 2015 to establish Panda Live and became the CEO of Panda TV. However, in just two or three years later, the Panda Interactive Entertainment Culture Company experienced frequent financial situations and dismissed its employees. Later, the news that he was restricted from spending due to failure to fulfill his repayment obligations was also reported by major media.
In addition to restricting consumption penalties, the court also announced at a press conference that it had seized the property under Wang Sicong's name. This includes real estate vehicles and bank deposits. This incident could be said to have reached a level well-known at that time. It is reported that his restriction order was not cancelled one after another until the end of 2019. This probably also hindered Wang Sicong's career.
Although he encountered investment failure, Wang Sicong did not seem to have been greatly affected. In a statement, he stated that many of his investments in several years were successful, and it is unfair to measure a person's success or failure by using the failure of a single entrepreneurship. It seems that Wang Sicong, who is confident, still believes in his investment vision very much.
In fact, Wang Sicong has always seemed very confident and calm. He once told the camera that "success is a process of continuous efforts to improve himself." Perhaps it is precisely because of such upward ideas that he quickly calmed down after his business failure.
No one's entrepreneurial journey can be smooth. I hope Wang Sicong learns from the lessons of his past failures and regroups and sets off again. In the future, we will win more battles on the business path and create glory.
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